Foreclosure Newsflash - Yahoo News

Men strip Loxahatchee Groves home under foreclosure, but was that a crime?
Men strip Loxahatchee Groves home under foreclosure, but was that a crime?

HireLyrics Scheduled A Records 126 Batch Identity Theft Victims of Phony Sovereigns

Books on Stopping Foreclosure

	How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances List Price: $18.95 Sale Price: $11.06 Used From: $7.80 Average Rating:
	Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

	Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit List Price: $19.95 Sale Price: $11.00 Used From: $0.01 Average Rating:
	There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

	Foreclosure Self-Defense For Dummies List Price: $19.99 Sale Price: $0.99 Used From: $0.01 Average Rating:
	Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

	Stop Foreclosure and keep your home, or Just Walk Away List Price: $29.95
	Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

	American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) List Price: $25.95 Sale Price: $8.07 Used From: $6.21 Average Rating:
	The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

	Stop Foreclosure Now in California (Nolo Press Self-Help Law) List Price: $29.95 Sale Price: $45.00 Used From: $2.37
	Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

	How to Stop Foreclosure List Price: $16.95 Sale Price: $3.75 Used From: $0.13 Average Rating:

	Defeat Foreclosure List Price: $19.95
	Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

	23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) List Price: $19.95 Sale Price: $19.95 Used From: $41.96 Average Rating:
	This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Foreclosure Newsflash - Yahoo News

County sees highest recorded year for foreclosures
By BEN FORNELL Staff Writer Jan Stout had just closed the 93rd foreclosure file she’s worked on this year when the FedEx man showed up.

Wall Street Project: The State of Home Foreclosures Part 6

Books on Stopping Foreclosure

	How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances List Price: $18.95 Sale Price: $11.06 Used From: $7.80 Average Rating:
	Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

	Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit List Price: $19.95 Sale Price: $11.00 Used From: $0.01 Average Rating:
	There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

	Foreclosure Self-Defense For Dummies List Price: $19.99 Sale Price: $0.99 Used From: $0.01 Average Rating:
	Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

	Stop Foreclosure and keep your home, or Just Walk Away List Price: $29.95
	Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

	American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) List Price: $25.95 Sale Price: $8.07 Used From: $6.21 Average Rating:
	The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

	Stop Foreclosure Now in California (Nolo Press Self-Help Law) List Price: $29.95 Sale Price: $45.00 Used From: $2.37
	Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

	How to Stop Foreclosure List Price: $16.95 Sale Price: $3.75 Used From: $0.13 Average Rating:

	Defeat Foreclosure List Price: $19.95
	Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

	23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) List Price: $19.95 Sale Price: $19.95 Used From: $41.96 Average Rating:
	This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Foreclosure Newsflash - Yahoo News

Low appraisals taking toll on home sales
Nearby foreclosures are affecting property values It wasn't the first time that Katherine Scheri ruined a real estate agent's day with a low property appraisal. Scheri, a real estate appraiser, had sized up a three-bedroom, two-bath house in Santa Ana, Calif., for $30,000 less than what the buyers offered to pay. A typical dealkiller for a seller.

McCain ADMITS OBAMA TAKES ON HIS PARTY! But Republicans Keep Lying About It!

Books on Stopping Foreclosure

	How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances List Price: $18.95 Sale Price: $11.06 Used From: $7.80 Average Rating:
	Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

	Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit List Price: $19.95 Sale Price: $11.00 Used From: $0.01 Average Rating:
	There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

	Foreclosure Self-Defense For Dummies List Price: $19.99 Sale Price: $0.99 Used From: $0.01 Average Rating:
	Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

	Stop Foreclosure and keep your home, or Just Walk Away List Price: $29.95
	Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

	American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) List Price: $25.95 Sale Price: $8.07 Used From: $6.21 Average Rating:
	The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

	Stop Foreclosure Now in California (Nolo Press Self-Help Law) List Price: $29.95 Sale Price: $45.00 Used From: $2.37
	Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

	How to Stop Foreclosure List Price: $16.95 Sale Price: $3.75 Used From: $0.13 Average Rating:

	Defeat Foreclosure List Price: $19.95
	Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

	23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) List Price: $19.95 Sale Price: $19.95 Used From: $41.96 Average Rating:
	This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Home Foreclosure: Should You Sell Your House? When you get a notice of home foreclosure, what do you do- sell your house or try to keep it?

Most people would go to great lengths in order to keep their houses from being foreclosed. They would negotiate with the bank and sometimes even hire a mediator that will negotiate in their behalf. All in the name of keeping the property as their own. But for many, selling their houses could give all the solutions.
In case of a default, the technical term for delayed mortgage payment over a period of several months or years, the financier of the property could confiscate the house and sell it in accordance to the condition of the mortgage. The house or property that was financed through mortgage would then be foreclosed if the homeowner fails to pay his due mortgage payments.

The homeowner will then have several options. Among them is to sell the house during pre-closure (the period when the homeowner missed one due payment, thus considered as behind his loan). A notice would then be sent to the homeowner that will urge him or her to produce some cash to pay for the default. In many cases, homeowners' first move is to sell the house for fast cash.

Since pre-foreclosure properties are auctioned to the public, the home sellers benefit from the highest bid. Thus, the possibility of getting a sum way beyond the market value of the house is high. However, this is not always the case. But in most cases, foreclosed homes command lower selling prices than their actual market value due to the fact that majority of homeowners need to get the first offer they have to save the house from being foreclosed. Also, the buyer of a foreclosed house must be protected by giving him a lower priced property to compensate for the interior damages that require repair and restoration.

Selling a pre-foreclosed property could be very beneficial to homeowners especially if they have high equity over the property. The proceeds of the sale would go to the bank or the mortgage lender however; the remaining profit would go to the home seller. But this move is not recommendable for people who have too little or no equity in the house.

One of the greatest advantages of selling your home when facing a foreclosure is avoiding the foreclosure itself. If your home gets foreclosed, you will not only lose your house to the creditor, your credit standing would also be damaged for up to 10 years.

Thanks to the foreclosure crisis Americans are weathering, many simple junk hauling firms are being turned into full-fledged foreclosure cleanup companies. Because of a simple need by banks, realtors and other property owners - to clean foreclosure properties - these oftentimes 1-2 man firms are growing into larger, more lucrative businesses. For how and why, read on.

Clean Foreclosure Properties: A Lucrative Business Opportunity for Junk Haulers

If you own a junk hauling business in cities and states where foreclosures are high (eg, Florida, California, Denver), you're probably busier than ever before. And if you're not, it's because you either don't know how to capitalize on the foreclosure crisis, or don't want to.

Banks Need Contractors Like Junk Haulers to Clean Foreclosure Properties: Banks are not in the business of managing homes. They're in the business of lending money. The current foreclosure crisis though have forced many into some semblance of quasi property management firms.

Homeowners associations; individual homeowners; and/or city, state and local regulations all demand that abandoned properties (ie, foreclosures) be maintained. This means keeping the yard cut, replacing broken windows, winterizing a property, fixing leaks and any other damage that causes a property to become an eye sore.

One of the first things that need to be done to a foreclosed property is to remove anything left behind by previous residents. And, this is where contractors like junk haulers come in handy. They remove everything in order to help the bank get the property ready to go back on the market for sale.

As mentioned before, a bank's job is not property management, but lending money. So they try to get foreclosed properties back on the market and ready for sale -- either by a realtor or in a foreclosure auction -- as soon as possible.

Realtors Need Contractors Like Junk Haulers to Clean Foreclosure Properties: Companies that clean foreclosed properties come in and handle a lot of the work that goes into getting a property ready to go back on the market. This can range from fixing holes in the wall, to replacing carpet, to removing junk automobiles.

ATTN Junk Haulers: Make Money Selling Abandoned Valuables Online (eg, eBay)

A side benefit for those who clean foreclosure properties is getting the valuables left behind. Previous owners leave behind everything from electronics to appliances to clothing. Much of it is in good condition and can be sold online via sites like eBay.

There are laws governing this, but in general, if the owners don't show up to reclaim possessions after 30 days, the junk hauler is free to take and sell items. Anything sold is really like 100% profit.

"I'm a simple junk hauling company; how can I become a full-fledged foreclosure cleanup company?"

One of the first things you need to do is to become licensed, bonded and certified. Banks and realtors won't contract with you otherwise. After you do this, then it's a matter of marketing yourself in the right way, to the right people to start getting jobs.

For all the information you need on how to start a clean foreclosure properties business, log on to Start-a-Foreclosure-Cleanup-business dot com.

May be reprinted with the following, in full: To learn how to clean foreclosure properties for a living log on to Start-a-Foreclosure-Cleanup-Business.com and get the 200 page ebook, How to Start a Foreclosure Cleanup Business, written by the owner of a leading foreclosure cleanup company in Atlanta, GA. View the CH 11 news video featuring the company here as well.

Intuitively it seems we should, as a wealthy nation, be able to solve the problem of inadequate housing resources for our citizens. We have a Gross Domestic Product of over 13 trillion dollars. We have abundant natural resources, the most advanced technological infrastructure, huge intellectual capacity, and over 3.5 million acres of land. Why are people still living in shelters, on the streets or in a relatives basement? Our country has the resources but does it have the will to solve this problem?

According to the Center on Budget and Policy Priorities "Nearly 9 million low-income families have severe housing affordability problems, an increase of 33 percent since 2000. Yet despite the increasing need for low-income housing assistance, the emergence of large federal budget deficits has created pressure to reduce domestic spending and led to cuts in low-income housing assistance." People who have to pay more than fifty percent of there annual income cannot afford to also feed their families, drive to work, pay doctor's bills, buy clothes, and in general make ends meet. This is poverty and the Federal Government has prioritized annual budgets for other purposes.

In 2006 HUD's affordable housing budget was $3.3 billion, 8 percent below the 2004 budget when adjusted for inflation. Compare this to the roughly $2.5 billion missing in Iraq this year earmarked for housing reconstruction. Of $18.4 billion set aside last year by the US government for Iraq reconstruction, nearly $2.5 billion turns up missing. This is money that could have been used to help people in this country find jobs, pay for food and housing. Shouldn't our impoverished citizens come first?

Developers using tax credits offered by the US government are building or rehabilitating communities, but not fast enough to meet current needs. HUD does what it can but is badly underfunded. Private organizations do what they can but again their resources are limited. So what does the future hold? Based on current statistics, rising poverty and inadequate housing.

Poverty is on the rise. From Wikipedia: "The official poverty rate in the U.S. has increased for four consecutive years, from a 26-year low of 11.3% in 2000 to 12.7% in 2004. This means that 37.0 million people were below the official poverty thresholds in 2004. This is 5.4 million more than in 2000. The poverty rate for children under 18 years old increased from 16.2% to 17.8% over that period. The current poverty rate is measured according to the 2006 HHS Poverty Guidelines." More people who can afford less, cycle in and out of poverty while tax rates for the richest Americans are slashed.

Are there solutions to this crisis? We must as a nation invest in our citizens. Only through education, job training, good health programs, and an environment friendly to self-employment can people be brought out of poverty.

Frans Doornan in his book Global Development states, "In the rich countries people with low incomes cannot as a rule afford to own their own homes. Unemployment, decreasing real wages, and cutbacks in social security and subsidies on low cost housing have worsened the situation, and led to growing rates of homelessness. No civilized society should accept that people are denied the basic human right to shelter. If people cannot provide for shelter themselves, because their wages are too low or because they cannot find employment, the state should do so. In many countries, it does. Public housing programs provide people with low rent apartments. In some countries, people with low incomes who pay more than a specified percentage of their income in rent receive rent subsidies." Other countries are helping to pull people from poverty, the US should not, in fact cannot afford to do any less.

Private companies are doing what they can to help. http://www.affordablesearch.com is a website that helps people of low income find available affordable housing communities nationwide. As access to the internet becomes more readily available through cheaper home computers, schools, work and libraries the percentage of users has risen. The largest segment of the population seeing growth in internet use annually is those making below $15,000 a year. Among the general population, since 1997 internet use has grown by 20% a year. Amongst those at the lowest end of the income spectrum growth rates for internet use rise at the rate of 25% per year. A site that can help those who have the need and are able to access it is a step in the right direction. Someone from Portland Oregon who is not substantially tied to their community can find housing and employment in Boston. Someone growing up in urban blight can find communities in rural areas that always have vacancies.

Other companies provide low cost storage, moving and job search services. For those who want to help themselves, resources are available if they know where to look and the internet is a great start. Technology can help. We only need the will and the knowledge to use it wisely.

Vlad Stefanovic lives in Rochester, NY, is certified to teach English in New York State and is concerned with the shortage of available affordable housing. He can be contacted at vlads@affordablesearch.com

The foreclosure of a property is one thing that everyone should avoid. There are plenty of ways to save your asset from being foreclosed by your mortgage holder including paying the debt in full or issuing a promissory note so you can extend the deadline, or you can use the method of refinancing.

What is refinancing?

Undertaking another loan to pay off an existing debt is what we call refinancing. In simple terms, most borrowers undergo refinancing to extend the repayment time. You can say that refinancing is a secondary loan to pay for the first one. Not only will your property be safe from foreclosure since you are able to pay on time, you also have a form of extension to your debt as well.

But before you opt for the idea of refinancing, you first need to know the different kinds of loans and the details before you commit yourself financially.

Different Types of loans

There are two kinds of loans in the world of finance. The first one is the secured loan in which the borrower uses an asset as a pledge or a security as collateral for the loan; now this kind of loan is closely regulated by state law and will only be released if the borrower has reached a certain level of criteria from different financial institutions. A good example of a secured loan is mortgage loan, in which the borrower will approach a lender for credit for purchasing a property or to refinance a business or an existing loan.

Once the borrower fails to pay for the said loan then the lender, or the mortgage holder, will get full right of the property used by the borrower as collateral. The lender will now have to option to sell the property to pay for the debt of the borrower.

The second type of loan is called the unsecured loan, wherein the lender is not governed by the statutes of the state and is not based on the borrowers assets. Unsecured loans come in different forms: credit card debts, bank overdrafts, personal loans from private lenders, credit lines, and corporate bonds.

Interest rates for these two kinds of loans may vary depending on the locale of the financial institution. Since secured loans are governed by legal statute so the interest rates are closely regulated by law; and unlike its counterpart, unsecured loans especially by private lenders are quite known in charging marginally higher interests.

Consider A Refinance Lender

If you want to find the best refinance lender that will suit your needs then you need to do a lot of research. One way to seek out prospective refinance lenders is via the internet. Most companies, both private and institutional lenders, are now using the Internet to advertise their services so it's relatively easy to find them.  Try to spend time looking for the lenders with the lowest interest rates so that you can get the best deal in refinancing.

Also, try to look for a lender which has all the fees and cost laid out upfront.  Unethical lenders often advertise great deals without informing the borrower about hidden fees and costs. Reputable lenders will provide all fees and costs in writing upfront.

Refinance Closing Costs

When you have found the right refinance lender, you need to know about the closing costs so you won't be surprised when you are advised.  Closing cost for a refinance mortgage will include escrow and title fees, lender fees, appraisal fees, insurance, taxes and credit fees.

Though this might sound quite alarming at first; you'll relax once you know what's involved with all these closings costs.  Major fees includes the title and escrow fees, but you are given a option to add these fees to the mortgage balance to be paid in full later when it reaches maturity , obviously this will be more expensive over the long run.

The borrower may also aim for a no-cost closing method in refinancing. This method  doesn't include any  fees but is financed at  a much higher interest rate than the usual refinance with closing cost , obviously the fees are built into the higher financing cost . Knowing the true cost of your refinance mortgage will enable you to make the best choice for your situation and strengthen your hand when it comes to negotiating the best deal.

Foreclosure Newsflash - Yahoo News

Foreclosure Bailout Texas

Books on Stopping Foreclosure

	How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances List Price: $18.95 Sale Price: $11.06 Used From: $7.80 Average Rating:
	Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

	Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit List Price: $19.95 Sale Price: $11.00 Used From: $0.01 Average Rating:
	There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

	Foreclosure Self-Defense For Dummies List Price: $19.99 Sale Price: $0.99 Used From: $0.01 Average Rating:
	Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

	Stop Foreclosure and keep your home, or Just Walk Away List Price: $29.95
	Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

	American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) List Price: $25.95 Sale Price: $8.07 Used From: $6.21 Average Rating:
	The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

	Stop Foreclosure Now in California (Nolo Press Self-Help Law) List Price: $29.95 Sale Price: $45.00 Used From: $2.37
	Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

	How to Stop Foreclosure List Price: $16.95 Sale Price: $3.75 Used From: $0.13 Average Rating:

	Defeat Foreclosure List Price: $19.95
	Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

	23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) List Price: $19.95 Sale Price: $19.95 Used From: $41.96 Average Rating:
	This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Foreclosure Newsflash - Yahoo News

Foreclosures cutting into home appraisals
LOS ANGELES -- It wasn't the first time that Katherine Scheri ruined a real estate agent's day with a low property appraisal.

San Diego homes for Sale & San Diego Real Estate

Books on Stopping Foreclosure

	How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances List Price: $18.95 Sale Price: $11.06 Used From: $7.80 Average Rating:
	Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

	Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit List Price: $19.95 Sale Price: $11.00 Used From: $0.01 Average Rating:
	There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

	Foreclosure Self-Defense For Dummies List Price: $19.99 Sale Price: $0.99 Used From: $0.01 Average Rating:
	Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

	Stop Foreclosure and keep your home, or Just Walk Away List Price: $29.95
	Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

	American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) List Price: $25.95 Sale Price: $8.07 Used From: $6.21 Average Rating:
	The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

	Stop Foreclosure Now in California (Nolo Press Self-Help Law) List Price: $29.95 Sale Price: $45.00 Used From: $2.37
	Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

	How to Stop Foreclosure List Price: $16.95 Sale Price: $3.75 Used From: $0.13 Average Rating:

	Defeat Foreclosure List Price: $19.95
	Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

	23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) List Price: $19.95 Sale Price: $19.95 Used From: $41.96 Average Rating:
	This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

The following article should probably be considered for educational or entertainment purposes only. It is rare to find such a knowledgeable judge working for government that puts the interest of the individual over the financial interests of the banks and their system of credit and money creation. Homeowners facing foreclosure should absolutely be aware of this case and the arguments, but taking any of this as actual legal advice should be warned against.

I first stumbled across the very curious case of Jerome Daly through an article by Ellen Brown, author of the book Web of Debt. It concerns a foreclosure case in Minnesota in 1968 that has yet to be overturned, and the issues go straight to the heart of the sleight of hand that the banking system is built upon. The case also presents an optimistic view of how individuals can take back the power to create money from the private banks.

Jerome Daly was a homeowner living in Minnesota who stopped paying his mortgage. The lender, First National Bank of Montgomery, of course, sued the man for foreclosure. Daly presented his argument before a jury as to why he did not owe the bank anything.

Essentially, he argued that the bank had not provided any consideration for Daly's promise to pay back the loan. Consideration is one of the requirements for a valid contract, and without it, a contract is void. Daly was arguing that the mortgage contract was void and did not need to be repaid because the bank had not actually given him any money. The lender had created the money out of thin air in response to the promise to repay the loan.

This credit, argued Daly, was not real money that counted as consideration and therefore did not need to be paid back. Without valid consideration, the mortgage contract was null and void and nothing was owed to the bank. Astoundingly enough, the jury agreed with him and declared that the mortgage was not a valid contract.

The judge and a representative testifying on behalf of the bank also agreed with Daly's argument, in effect. The bank's president, Mr. Morgan, admitted that the money did not exist until Daly was given the mortgage, and the money was created out of thin air.

The judge wrote a supporting decision in the case agreeing with Daly, writing "The money and credit first came into existence when they created it. Mr. Morgan [the bank's president] admitted that no United States Law or Statute existed which gave him the right to do this." Thus, the lending of the money to Daly in the form of a mortgage did not constitute valid consideration. The bank did not even have the authority to create money out of thin air according to any known law or statute.

This case has been suppressed far more than argued against, and it has not been overturned. What this means to homeowners facing foreclosure is that they may not even owe their bank any money, and the lender is trying to take the home to pay an illegal contract. This case is, quite possibly, a get out of debt-jail free card.

But that does not mean that the local judges will allow these kinds of rational arguments in their courtrooms. Just because mortgage contracts can be proven invalid and the lending system a scam does not mean that corrupt judicial systems will allow the truth to be told about the equally-corrupt banking system. Political power and money work hand-in-hand.

Thus, it should not be surprising that people who have used the Daly arguments to protect against foreclosure have not always been successful in finding a court to listen to them. Rubber stamping foreclosure lawsuits generates good money for lawyers in the form of legal fees and for local county courts in the form of filing fees. (Of course, neither of these parties seem to be aware that the money they are helping to steal was created out of thin air itself, and they are selling out fellow human beings to an illusion.)

Homeowners, as I mentioned above, should be aware of this argument, because it shows the banking system to be the scam that it is. Now that so many more homeowners were given bad loans and are losing their houses because of them, will more of them rely on the argument of a void mortgage contract and the unconstitutionality of the monetary system itself? That remains to be seen, but it is a convincing, rational, and very interesting argument that Daly put forth. Even more interesting is that the judge and jury agreed with him.

But, on the less interesting side will always be the corrupt judges, lawyers, and others who benefit from the banking scam. As one of them stated in regards to this issue, "If I let you do that -- you and everyone else -- it would bring the whole system down... I cannot let you go behind the bar of the bank... We are not going behind that curtain!" The "whole system" supports the banks and the government -- why should we expect them to help people defend against unlawful acts and contracts?

The ForeclosureFish website has been created to provide homeowners in danger of losing their houses with relevant and important foreclosure help and resources. The site describes various methods that may be used to save a home, such as stopping a sheriff sale, bankruptcy, foreclosure loans, short sales, and more. Visit the site to read more articles about how foreclosure works and how the process may be avoided before it is too late: http://www.foreclosurefish.com/